Payment below Clause Samples
The 'Payment below' clause defines the terms and conditions under which payments are to be made in a contractual relationship. Typically, this clause outlines the amount, timing, and method of payment, as well as any conditions that must be met before payment is due. For example, it may specify that payment will be made within 30 days of invoice receipt or upon completion of certain milestones. The core function of this clause is to ensure both parties have a clear understanding of their financial obligations, thereby reducing the risk of disputes related to payment timing or amounts.
Payment below. If you have insufficient PayPal balance or have chosen a preferred funding source you are also requesting us to obtain funds on your behalf from your applicable funding source and issue electronic money to your PayPal balance for your payment to be made. When you withdraw your money you need to have enough PayPal balance to cover the value of any withdrawal at the time of the withdrawal. See Adding or Withdrawing Money to know how to get a PayPal balance and how to withdraw it. If your PayPal balance shows a negative amount, this is the net amount you owe to us at the given time. Money marked in your account overview as “pending”, “uncleared”, “held” or otherwise restricted or limited at any given time is held in the part of your account which acts as a reserve account. You cannot access and use money stored in the reserve account.
Payment below. If you have insufficient PayPal balance or have chosen a preferred funding source you are also requesting us to obtain funds on your behalf from your applicable funding source and issue electronic money to your PayPal balance for your payment to be made. When you withdraw your money you need to have enough PayPal balance to cover the value of any withdrawal at the time of the withdrawal. See Adding or Withdrawing Money to know how to get a PayPal balance and how to withdraw it. If your PayPal balance shows a negative amount, this is the net amount you owe to us at the given time. Money marked in your account overview as “pending”, “uncleared”, “held” or otherwise restricted or limited at any given time is held in the part of your account which acts as a reserve account. You cannot access and use money stored in the reserve account. Adding or Withdrawing Money To get electronic money into your account you can, subject further to this user agreement: • accept a payment in your account from someone else. We may charge you for this; or • obtain electronic money from us by paying us an equivalent amount. You can obtain electronic money from us by: • automatically using your applicable funding source(s) to cover the amount of the payments that you instruct us to send to other users (and the transaction fees payable by you to us).; or • manually using the “Add Funds” function available from your account interface to pay us or instructing us to charge your funding source for the electronic money. The execution of any payment to us from your funding source provider is your funding source provider’s legal responsibility. We have no control over how long the payment to us will take. If you have a PayPal balance, you may withdraw any amount by transferring it to your nominated funding source linked to your PayPal account, as we may allow from time to time. This could include your bank account or debit or credit card, depending on the country in which your PayPal account is registered. When you instruct us to withdraw any amount of your PayPal balance, subject further to this user agreement we will: • convert the electronic money to money that we can transfer to your nominated funding source; and • instruct our own bank to transfer that money to your nominated funding source. We aim to send the withdrawal payment instruction to our bank by the end of the next Business Day (“Business Day” means a day on which banks in Luxembourg are open to the general public). if there...